MRND Fees and Costs — IQ U.S. Mid Cap R&D Leaders ETF
Data updated: 2023-12-20
The net expense ratio is 0.16%: a 0.16% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $4K in broker commissions, 0.0852% of average net assets, and portfolio turnover was 54%.
MRND Fees and Expenses
Annual operating expenses and sales charges of MRND. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.16% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.17% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.16% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MRND Costs Over Time
On $10,000 invested in MRND, assuming 5% a year before costs, total costs come to $156 over 5 years, cutting the return by 0.26% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.16%) | $17 | $53 | $92 |
| Trading costs (broker commissions) | $9 | $28 | $49 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $85 | $156 |
| Value after costs | $10,474 | $11,491 | $12,607 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
MRND Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0852%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $78K
- Portfolio turnover (prospectus): 54%
- Securities on loan, average value: $203K
- Net income from securities lending: $6K (0.141% of average net assets)
MRND Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $3K | 87.50% |
| CitiGroup Global Markets Inc. | $390 | 10.93% |
| STIFEL NICHOLAS & CO., INC. | $41 | 1.15% |
| VIRTU AMERICAS LLC | $15 | 0.42% |
MRND Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Cerner Corporation | $48K | 62.25% |
| ZENDESK INC | $15K | 19.16% |
| ZYNGA INC. | $14K | 18.60% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.